From USA Today
Attorneys general in at least nine states, responding to outrage by their residents, are investigating whether current high gasoline prices are a result of wrongdoing by the petroleum industry, according to the National Association of Attorneys General.
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Some states have made price-gouging cases. Florida sued individual gas stations for overcharging after Katrina.
But Florida, unlike Arizona, has an anti-gouging law. It is in effect only when a state of emergency is declared. Florida was a hurricane target, making an emergency declaration logical.
Arizona’s report, unveiled last week, says, “Profit margins realized by every segment of the oil industry were two or three times their normal margins.â€But the state has no law making that illegal, underscoring, the report says, the need for a federal price-gouging law.
The need for a federal price gouging law? Maybe. What about federal regulation of an industry that has taken advantage of every natural disaster to strike the country in the past four years…
When people rise to meet the need as a nation, and the captains of industry that control the nations gasoline supply decide to press for profit, there is a problem.
[D]ata for 2006 show that crude oil prices have risen 14%, but the difference between what oil companies pay for crude oil and prices at the pump has soared 130%.
Why am I so upset about this practice? Because it has become a justice issue.
Church ministries that utilize a bus rely on gas prices for determining budget. I have a problem with oil company moguls lining their pockets with money better spent on ministry.
Contact your senators today. Ask them to pass laws that will regulate oil industry profits.
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